Small Business Economics

, Volume 45, Issue 1, pp 129–147 | Cite as

Productivity growth persistence: firm strategies, size and system properties

  • Cristiano Antonelli
  • Francesco Crespi
  • Giuseppe Scellato
Article

Abstract

This paper investigates the dynamics of productivity in a large sample of Italian manufacturing firms, focusing on the determinants of firm-level persistence in time of high total factor productivity (TFP) growth rates relative to the corresponding sectoral distributions. In particular, we assess the impact of both the internal characteristics of companies, including size and management strategies, and external systemic conditions, including business cycles and regional innovation performance. In order to disentangle the effects of the mix of internal and systemic factors in shaping firm-level persistence, we implement both transition probability matrices and dynamic probit models. Results reveal the presence of significant persistence in TFP growth rates. Such persistence turns out to be path-dependent since it is shaped by a number of complementary and contingent factors that locally affect the dynamics of the process.

Keywords

Productivity Persistence Dynamic capabilities Path dependence TFP Emergent system properties 

JEL Classifications

O31 C23 C25 L20 M20 L26 

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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  • Cristiano Antonelli
    • 1
    • 2
  • Francesco Crespi
    • 2
    • 3
  • Giuseppe Scellato
    • 2
    • 4
  1. 1.Dipartimento di EconomiaUniversità di TorinoTurinItaly
  2. 2.BRICK (Bureau of Research in Complexity, Knowledge, Innovation), Collegio Carlo AlbertoMoncalieriItaly
  3. 3.Dipartimento di EconomiaUniversità Roma TreRomeItaly
  4. 4.Dipartimento di Ingegneria Gestionale e della ProduzionePolitecnico di TorinoTurinItaly

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